April’s Builder Intelligence Report Hints at a Small Spring Bloom
April 25, 2019
While March continued to exhibit the “slow-mentum” characteristic of the 2019 construction market, a sizable number of homebuilders still reported seeing increased sales in year over year data.
Highlights from the Latest Builder Intelligence Report
Sales and traffic. In March, 45 percent of respondents reported year over year increases in orders versus 38 percent last month and 46 percent in March 2018. However, 29 percent saw a year over year decrease in orders.
Expectations. 39 percent of respondents reported that sales were better than expected.
Pricing and incentives. Only 9 percent of respondents raised “most or all” base prices in March from February, which is a record survey low.
Input costs. 44 percent of respondents saw month over month increases in labor costs, and 46 percent saw material costs rise.
HomeSphere/BTIG Builder Intelligence Report
HomeSphere partners with the research firm BTIG to create a monthly report to provide our builders and manufacturers with exclusive and timely insights about the market.
To compile the report, we survey HomeSphere’s 2,600 regional and local home builders about sales, traffic, pricing, labor costs and other key industry metrics.
How to Get The Monthly Report
If you are a builder and would like to participate and receive the monthly report for free, request an invitation below: